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Anything we should know?
There are two separate transactions that need to be made pursuant to our divorce settlement from my retirement account to my ex-wife's retirement account. The agreement did not stipulate the need for QDROs, but Fidelity told me that the only way that they could do this as a rollover would be for my wife to open an IRA at Fidelity in her name, and then, after the funds had been transferred, she could move them from Fidelity to whatever institution shes wants. But for unknown reasons that is not acceptable to her, so her attorney recommended doing QDRO(s). The first rollover transfer is for the purpose of balancing our retirement accounts pursuant to MSA pt 1 Sec 4.4. That is for $51,925.51. That is actually already past due. The second rollover transfer is part of my buyout of my wife's interest in our condominium and stock options pursuant to MSA pt 2 Sec 2.D.1. That amount is $144,860.00, but that is contingent upon receipt of an executed quit claim deed (sec 2.A.6), which has not yet occurred. My preference is to consolidate these into a single QDRO, but it is not clear yet if that will be acceptable. Please provide a quote for processing these as two separate QDROs or as a single QDRO.
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